Hi Everyone,
Just to share a near term forecast for September month. To summarise:
-Short-term bottom expected around 11.6-11.8k range to complete Wave I of C, with the completion of wave v.
-Expect a correction to at least 12.4k to complete Wave II of C.
-New lows expected with Wave III and V of C, thereafter.
This analysis is invalidated if prices exceed wave i (12.8k).
Good luck!
Just to share a near term forecast for September month. To summarise:
-Short-term bottom expected around 11.6-11.8k range to complete Wave I of C, with the completion of wave v.
-Expect a correction to at least 12.4k to complete Wave II of C.
-New lows expected with Wave III and V of C, thereafter.
This analysis is invalidated if prices exceed wave i (12.8k).
Good luck!
Comment:
Just to confirm the idea is invalidated if prices exceed 12.8k before reaching the 11.6-11.8k range. (It is possible for this price to be reached on wave II after the completion of wave v.)